South Carolina Jobs-Economic Development preps $65.75 million offering

By Sheri Kasprzak

New York, July 1 – The South Carolina Jobs – Economic Development Authority is set to price $65,745,000 of series 2015 revenue and revenue refunding bonds for Furman University, according to a preliminary official statement.

The bonds (A1//AA-) will be sold on a negotiated basis with BofA Merrill Lynch as the underwriter.

The bonds are due 2017 to 2035 with term bonds due in 2038 and 2045.

Proceeds will be used to renovate and rehabilitated student housing facilities at the university and refund the authority’s series 2006A revenue bonds, which were lent to the university to finance capital improvements.

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